Altri : SGPS, S.A. announces changes in its executive management model
June 25, 2015 at 02:47 pm EDT
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ALTRI, SGPS, S.A.
Public Company
Head Office: Rua do General Norton de Matos, 68 - R/C, Oporto
Share Capital: Euro 25,641,459
Registered at the Commercial Registry Office of Oporto
Sole registration and tax number 507 172 086
ALTRI CHANGES ITS EXECUTIVE MANAGEMENT MODEL WITH THE APPOINTMENT OF TWO CO-CEO
Altri, a Portuguese company leader in the paper pulp production and forest management, hereby informs, under the terms and for the purposes of paragraph a) of the article 3, of the CMVM Regulation no. 5/2008, that, at the Board of Directors Meeting, held today, it was decided to alter of the executive management model, aiming to better address the market challenges and giving coherence to the philosophy of management that the company has already in place.
Therefore, the chairman of the Board of Directors of Altri, Paulo Fernandes, will be Co-CEO and the vice-chairman, João Borges de Oliveira, will be, also, Co-CEO.
The other members of the board, Domingos Matos, Laurentina Martins, Pedro Borges de Oliveira and Ana Rebelo de
Mendonça will remain in their positions.
Oporto, June 25, 2015
The Securities markets Liaison Representative
Altri, SGPS, S.A. is a holding company primarily organized around 3 areas of activity:
- paper pulp production: 1,061 Kt produced in 2023. At the end of 2023, the group had 3 production sites located in Portugal;
- logging;
- electricity production from renewable energies.